Taboola is going public via SPAC

Taboola is the latest company seeking to go public via special purpose acquisition company — more commonly known as a SPAC.

To achieve this, it will merge with ION Acquisition Corp., which went public in 2020 with the aim of funding an Israeli tech acquisition (Haaretz reported last month that Taboola was in talks with ION). The transaction is expected to close in the second quarter, and the combined company will trade on the New York Stock Exchange under the ticker symbol TBLA.